1. AirAsia Japan has said the budget carrier will cancel hundreds of flights over two months before it ceases operations under the current brand at the end of October.
AirAsia Japan, operated jointly by Malaysia-based AirAsia and major Japanese carrier All Nippon Airways (ANA), will suspend 14 daily flights from September 1 to October 26, according to a company statement.
The carrier said the cancellations, which will reportedly affect 14,000 passengers, was because of a lack of planes to service all its routes.
The affected routes include flights linking Seoul to the central Japanese city of Nagoya and Tokyo to the northern city of Sapporo. The carrier will cease operations by the end of October, just over a year after it started flying out of Tokyo's Narita airport in August.
Announcing the dissolution of AirAsia Japan in June, the Malaysian carrier cited a "fundamental difference of opinion between its shareholders on how the business should be managed, from cost management to where the domestic business operations should be based".
ANA however said the venture dissolved because it was not well known in Japan and could not register profits. The Japanese carrier plans to launch a new budget brand in November.
http://www.hurriyetdailynews.com/asian-carrier-halts-hundreds-of-flights.aspx?pageID=238&nID=51563&NewsCatID=345
July/28/2013
comment : Pariah ini tak dak maruah weh sebab itu dia sanggup gadai nama baik Malaysia di merata untuk isi perut buncitnya. I wonder what the Japanese will think of us now especially Mr Abe. And for more of the clown’s shameless antics and foulmouthed rants go here:
http://articles.economictimes.indiatimes.com/2013-07-04/news/40372154_1_jet-fuel-airasia-mittu-chandilya
Yep…he looks like a prostitute alright….a jumbo’s slut.
2. An assessment of the failures of Tony Fernandes the sports entrepreneur is important because they might have a bearing on his airline business in India. Even for an industry that resembles a disaster area as a whole, Indian aviation stands out because of the high costs and rigmarole of rules. AirAsia has already faced disappointments in India. It has struggled on overseas routes from India.
The airline faces a potentially challenging 2013 as it accelerates expansion in core markets, according to aviation consultancy Capa. AirAsia will continue to incur losses at its recently launched Philippines affiliate, Capa said in a recent report.
Capa said AirAsia clearly has the cash to withstand the storm of challenges that 2013 brings. But all that can change because Fernandes also has his financial antenna tuned to his sports businesses, particularly his football team. To date, he has sunk £50 million QPR â€" to no effect. Current manager Harry Redknapp the third appointment since the acquisition. By Fernandes’ own admission, QPR will not return to the Premier League anytime soon.
Comment: as for his business acumen and foresight, read and laugh at this
http://articles.economictimes.indiatimes.com/2013-07-07/news/40408021_1_airasia-india-tony-fernandes-sahara-force-india
3. Subramanian Swamy has raised questions of corruption involved in the deal.
“It is the duty of the Opposition to bring the corruption to public records. The Foreign Investment Promotion Board (FIPB) would have cleared the project, had I not written that letter,” said Swamy to CNN-IBN.
Swamy said that AirAsia deal needs to be re-examined. It is a fraudulent deal. Subramanian Swamy, who seems to have developed an interest in aviation following his continuous criticism of several other aviation deals, said that he has written the letter to the Prime Minister pointing out an intelligence report on Foreign Direct Investment (FDI) impact on National security.
(http://ibnlive.in.com/news/subramanian-swamy-alleges-irregularities-in-airasia-deal-writes-to-pm/403644-37.html)
Comment: Maybe Indian politicians more careful than we give them credit for. after all ours, are a bunch of nincomppops anyway.
4. Finally, read this:
http://in.reuters.com/article/2013/07/10/asia-markets-idINDEE9690G420130710
One wonders whether the taxpayer will be left holding the baby once QE starts winding down in the US, and interest rate costs spike for companies heavily leveraged on Dollar debt (AA is one such dick). No wonder no one is interested for any piece of AAX hence the flat price and the stabilisation…..
as for Petronius, we all know from which shithole it squirms out from.
